Listed by CBRE - Reno
$4,600,000
9728 S. Virginia St.
Details
APN 163-150-03
Property Type Industrial
Sub Type Flex
Square Footage 19,440
Cap Rate 5.77%
NOI $265,549
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.95%
Pro-Forma NOI $273,631
Price per SqFt $237
Year Built 1999
Buildings 1
Acreage 1.325
Zoning Mixed Use Suburban (MS)
Investment Type Stabilized
Ceiling Height 17 Feet
Industrial | 5.77% CAP | 19,440 SqFt
Marketing description
This is a rare opportunity to acquire a stabilized flex industrial investment in Northern Nevada. The building is currently occupied by three tenants with exceptional visibility from I-580 and has significant upside in rental rates upon expiration of legacy caps and pre-negotiated renewals.
Investment highlights
- 100% leased
- Three-tenants
- Remaining lease term of 3.60 years
- Two tenants recently renewed at market rental rates
- Lease expiration in 2029 allows for future upside
- Visible from Interstate 580
- Strategic Location in the Truckee Meadows
Listing Contacts
Listed by CBRE - Reno
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$265,548.70
$22,129.06/mo
Valuation Metrics
0
DSCR
5.77%
Cap Rate
5.77%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
